Kristian Siem’s Subsea 7 has been awarded a contract by Statoil for the subsea inspection, repair and maintenance services on the Norwegian Continental Shelf.
The contract, worth between $150m and $300m, will see Subsea 7 provide a life of field support vessel for a period of five years with further options also available. IMR and construction vessel Seven Viking will be utilised for the operations, which commence in January 2019.
Steve Wisely, senior VP at Subsea 7’s i-Tech Services, commented: ‘The award of this long-term IRM contract acknowledges the capability and high standard of performance i-Tech Services has established over decades of providing IRM services to Statoil. This is a renewal of our existing contract, where we have continuously delivered excellent support. It proves the concept of Seven Viking, which is the only vessel of its kind in the world. Over the course of the contract we look forward to introducing new innovative technologies, including remote controlled operations from onshore.”
Seven Viking is owned by Eidesvik Seven Chartering, a jv between Subsea 7 and Eidesvik Offshore, and Subsea 7 has just extended its charter of the vessel until the end of 2025.